Dead cat bounce day in the Market after severe sell off. Some major chart damages were done in last few days. It will take some time to heal the charts again. We also have overhead 50 DMA resistance now in S&p-500. Great day for our featured bounce candidates if you were following them closely. SCTY …
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Market is extended to the downside and quickly approaching oversold levels. At this point in the game, its time to start expecting a bounce, even if its a short term bounce. In order for the bulls to reclaim power, I think we need to get back above the 50dma on the $spy. Thanks to a …